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Block of apartments for sale
Fishergate Hill, Preston, PR1
£550,000
Fishergate Hill, Preston, PR1
£550,000
Our Summary
- Prime Investment opportunity
- Fantastic Investment Opportunity: 9 Apartments in Prime Preston City Centre Location
- Click Estate Agents are delighted to present this fantastic investment opportunity, featuring a block of 9 apartments, fully let under a lease agreement with a reputable Housing Company
- Investment Summary: Turnkey Investment: The property offers a turnkey investment solution, with no immediate need for refurbishments or improvements, allowing investors to start benefiting from the rental income straight away
- Low Risk: With the lease in place, the risk associated with vacancy and tenant turnover is minimised, offering a low-risk investment opportunity
- This block of 9 apartments presents a rare investment opportunity offering guaranteed income, low-risk, and long-term potential
Description
This investment property is a block of 9 self-contained apartments in a prime location in Preston city centre, offering a guaranteed rental income through a long-term lease with a reputable Housing Company. The apartments are fully let, providing a hands-off investment opportunity with minimal landlord involvement. The property is well-maintained and benefits from ongoing maintenance, ensuring minimal future expenditure for the investor. With a current rental yield of 10% and a remaining lease term of approximately 5 years, this investment presents a low-risk opportunity with potential for long-term capital growth. The property's desirable location, close to local amenities and transport links, ensures high demand for the accommodation, making it an attractive option for investors seeking stable and lucrative rental returns.